{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/40/#05-overview-and-background","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"720","topic_title":"Other Expenses","subtopic":"720-40","subtopic_title":"Electronic Equipment Waste Obligations","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"720-40-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance on accounting for historical electronic equipment waste held by private households<span class=\"sfragment\" id=\"sfr_04DC6C02-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"> for obligations associated with Directive 2002/96/EC on Waste Electrical and Electronic Equipment adopted by the European Union. </span></span></div></div>","snippet":"This Subtopic provides guidance on accounting for historical electronic equipment waste held by private households for obligations associated with Directive 2002/96/EC on Waste Electrical and Electronic Equipment adopted…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5b792cb127387da6d784f435bfc909fd6116fdff7f37a9f75fed5d1e440fb41","downloaded_from":"2026-09-10T01:08:32.175Z","last_downloaded_at":"2026-09-10T01:08:32.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483333","source_sha256":"3a1ac91c1a74c56dc6cdf10072436562f4edd2630dd6ee75c5c3fc190a8fff72"}},{"citation":"720-40-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_04DC6E68-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic refers to and paraphrases various provisions of the Directive. Nothing in this Subtopic shall be considered a definitive interpretation of any provision of the Directive for any purpose. </span></span></div></div>","snippet":"This Subtopic refers to and paraphrases various provisions of the Directive. Nothing in this Subtopic shall be considered a definitive interpretation of any provision of the Directive for any purpose.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00e7d6113f7cc27fc4d65f63ac1d479bc0e8cd6541cc72c3991899d571b8ab5b","downloaded_from":"2026-09-10T01:08:32.175Z","last_downloaded_at":"2026-09-10T01:08:32.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483333","source_sha256":"3a1ac91c1a74c56dc6cdf10072436562f4edd2630dd6ee75c5c3fc190a8fff72"}},{"citation":"720-40-05-3","para":"05-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_04DC717B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The Directive distinguishes between new and historical waste. </span></span><span class=\"sfragment\" id=\"sfr_04DC7375-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">New waste relates to products put on the market after August 13, 2005. </span></span><span class=\"sfragment\" id=\"sfr_04DC7553-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">All products put on the market on or before August 13, 2005, are deemed to be historical waste equipment for the purposes of the Directive. </span></span><span class=\"sfragment\" id=\"sfr_04DC77CC-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">This Subtopic does not address the accounting for new waste. As explained in paragraph <a href=\"/asc/410/20/#410-20-55-23\" class=\"xref\">410-20-55-23</a>, costs relating to waste of new equipment are to be borne solely by the producers of the new equipment. </span></span></div></div>","snippet":"The Directive distinguishes between new and historical waste. New waste relates to products put on the market after August 13, 2005. All products put on the market on or before August 13, 2005, are deemed to be historica…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5874b827ce974b07b1035579216ffcedf8b53f8cdb7153f71d656f17794111d6","downloaded_from":"2026-09-10T01:08:32.175Z","last_downloaded_at":"2026-09-10T01:08:32.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483333","source_sha256":"3a1ac91c1a74c56dc6cdf10072436562f4edd2630dd6ee75c5c3fc190a8fff72"}},{"citation":"720-40-05-4","para":"05-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_04DC79A5-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For the financing of historical waste, the Directive also distinguishes between historical waste from private households and historical waste from users other than private households (commercial users).</span></span></div><div class=\"norm-text\">This Subtopic provides guidance for historical waste from private households, while Subtopic <a altsource=\"GUID-4E041047-932A-4278-AD3B-0D0EF4B282B9.ditamap\" class=\"ditamap\">410-20</a> provides guidance for historical waste from commercial users.</div></div>","snippet":"For the financing of historical waste, the Directive also distinguishes between historical waste from private households and historical waste from users other than private households (commercial users).This Subtopic prov…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:94b144a629f014f1703dd58378d790280c2aa3ecfa439225ccc5ec94cdd6aa8f","downloaded_from":"2026-09-10T01:08:32.175Z","last_downloaded_at":"2026-09-10T01:08:32.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483333","source_sha256":"3a1ac91c1a74c56dc6cdf10072436562f4edd2630dd6ee75c5c3fc190a8fff72"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:287cc71df526c203e6548e65efae7109ce1a07f28ce5d0b659a0612e49d1a4ba","downloaded_from":"2026-09-10T01:08:32.175Z","last_downloaded_at":"2026-09-10T01:08:32.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483333","source_sha256":"3a1ac91c1a74c56dc6cdf10072436562f4edd2630dd6ee75c5c3fc190a8fff72"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0355a9c9f9f024e4fee41d1aeb0142f7db1f254a489b5463ed06bf48d08fc437","downloaded_from":"2026-09-10T01:08:32.175Z","last_downloaded_at":"2026-09-10T01:08:32.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483333","source_sha256":"3a1ac91c1a74c56dc6cdf10072436562f4edd2630dd6ee75c5c3fc190a8fff72"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0355a9c9f9f024e4fee41d1aeb0142f7db1f254a489b5463ed06bf48d08fc437","downloaded_from":"2026-09-10T01:08:32.175Z","last_downloaded_at":"2026-09-10T01:08:32.175Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483333","source_sha256":"3a1ac91c1a74c56dc6cdf10072436562f4edd2630dd6ee75c5c3fc190a8fff72"}}